Economics

The annual report of the Bank for International Settlements, citing “bank fragility” here, the “downside” of “liberalized financial sectors” there, candidly remarks: “When the bubble bursts, banks and their customers will face major difficulties.”

Feature

Lyndon H. LaRouche, Jr. situates the historical importance of Augustin Cauchy’s frauds against science. “The destruction of French science and culture,” he writes, “beginning the reign of the Restoration monarch, Louis XVIII, is the best available choice of clinical case, for understanding how the quality of culture determines the moral fitness for leadership among modern nations.”